AMETEK, Inc. (NYSE:AME) Shares Bought by Raymond James & Associates

Raymond James & Associates lifted its position in shares of AMETEK, Inc. (NYSE:AME) by 2.6% in the third quarter, Holdings Channel reports. The institutional investor owned 176,737 shares of the technology company’s stock after acquiring an additional 4,557 shares during the quarter. Raymond James & Associates’ holdings in AMETEK were worth $30,347,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Czech National Bank raised its position in AMETEK by 8.6% in the second quarter. Czech National Bank now owns 44,108 shares of the technology company’s stock valued at $7,353,000 after purchasing an additional 3,499 shares during the period. Duality Advisers LP purchased a new stake in AMETEK in the 1st quarter valued at about $1,676,000. CWM LLC lifted its position in AMETEK by 53.9% in the second quarter. CWM LLC now owns 10,594 shares of the technology company’s stock valued at $1,766,000 after buying an additional 3,711 shares during the last quarter. American National Bank & Trust Co. VA purchased a new position in AMETEK during the first quarter worth about $6,978,000. Finally, State Board of Administration of Florida Retirement System increased its position in shares of AMETEK by 3.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 258,677 shares of the technology company’s stock valued at $47,312,000 after acquiring an additional 8,189 shares during the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

Wall Street Analysts Forecast Growth

AME has been the subject of a number of research analyst reports. Robert W. Baird lowered their price objective on shares of AMETEK from $171.00 to $166.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. StockNews.com cut AMETEK from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Wolfe Research raised AMETEK to a “hold” rating in a research note on Wednesday, September 18th. TD Cowen lowered shares of AMETEK from a “hold” rating to a “sell” rating in a research note on Monday, October 7th. Finally, Royal Bank of Canada reduced their price target on shares of AMETEK from $216.00 to $215.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, AMETEK presently has an average rating of “Moderate Buy” and a consensus target price of $193.29.

Insider Transactions at AMETEK

In other AMETEK news, Director Steven W. Kohlhagen sold 1,460 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $171.59, for a total value of $250,521.40. Following the transaction, the director now directly owns 23,349 shares in the company, valued at $4,006,454.91. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.61% of the company’s stock.

AMETEK Stock Down 1.0 %

AME stock opened at $166.67 on Thursday. AMETEK, Inc. has a fifty-two week low of $136.89 and a fifty-two week high of $186.32. The company’s 50 day moving average price is $168.26 and its 200 day moving average price is $169.35. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.76 and a current ratio of 1.26. The firm has a market capitalization of $38.58 billion, a price-to-earnings ratio of 29.29, a PEG ratio of 2.77 and a beta of 1.17.

AMETEK (NYSE:AME) last released its quarterly earnings data on Thursday, August 1st. The technology company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.02. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.78 billion. AMETEK had a net margin of 19.51% and a return on equity of 17.41%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.57 EPS. On average, equities research analysts anticipate that AMETEK, Inc. will post 6.76 EPS for the current fiscal year.

AMETEK Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.28 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.67%. AMETEK’s payout ratio is currently 19.68%.

About AMETEK

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in the North America, Europe, Asia, and South America, and internationally. The company's EIG segment offers advanced instruments for the process, aerospace, power, and industrial markets; process and analytical instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets; power quality monitoring and c devices, uninterruptible power supplies, programmable power and electromagnetic compatibility test equipment, and sensors for gas turbines and dashboard instruments; heavy trucks, instrumentation, and controls for the food and beverage industries; and aircraft and engine sensors, power supplies, embedded computing, monitoring, fuel and fluid measurement, and data acquisition systems for aerospace and defense industry.